Kaiserman, who was ahead of her peers across the securities industry in recognizing Bitcoin’s potential, still sees huge prospects for blockchain, even if the popular cryptocurrency it supports has cooled off in recent months. The idea behind Maco.la is to help more startups conceive, design and build applications based on the technology, and to ensure there are enough developers to keep the ideas flowing, she said.
In the wild west of the future economy, some say bitcoin is the gold of the future. It is cryptocurrency in the blockchain ecosystem that was recently traded at a high of $11,599, according to CoinDesk’s Bitcoin Price Index. Trading volume was recently at $7.28 billion in a 24-hour period, according to Coin Desk. “This is the most important technology since the commercialization of the Internet and we have a chance to make an impact,” says Sheri Kaiserman, at the forefront of the future’s financial univer
Two weeks prior to the Senate hearing, six leading ICO attorneys led by Maco.la delivered a presentation on the “Present State of Blockchain and ICOs” to 21 members from the SEC including the divisions of trading and markets, corporate finance, investment management and the Office of the Chairman.
NEWSWEEK | Cryptocurrency Crackdown: SEC Probe Heaps Regulatory Pressure on Multi-Billion-Dollar Market
“Globally it has been regulatory jump ball as the different regions—EU, U.S. and Asia—have been discussing regulatory guidance on ICO’s and cryptocurrencies,” Alan Kostrinsky, principal advisor and co-founder at Maco.la who led and advised the SEC on blockchain, tells Newsweek.
Maco.la Management has made it’s first investment into Silvergate Capital Corporation as part of its strategy to pursue investing in business and services that enable the adoption of blockchain and cryptocurrencies into the mainstream market.
Silvergate Capital Corporation (“Silvergate”), the holding company for Silvergate Bank, a California chartered commercial bank (the “Bank”), today announced it completed a private placement of 9.5 million shares of Silvergate common stock, generating gross proceeds of $114 million.